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ACT3392SpringTraditionalHomeworkReadARPNo1 - i How much of...

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HOMEWORK - SPRING 2010 ALL homework assignments must be completed by using some type of computer software program, e.g., word, excel. YOU WILL NOT RECEIVE FULL CREDIT FOR THE HOMEWORK UNLESS IT IS COMPLETED BY USING A COMPUTER. NO CREDIT WILL BE GIVEN FOR LATE HOMEWORK. When completing your homework assignments DO NOT use any abbreviations, e.g., spell out Governmental Accounting Standards Board instead of simply writing GASB. As discussed during class, you can work on these homework assignments in groups or as an individual. (0.5 point each, unless otherwise noted) Answer the following related to ConocoPhillips (C) for the year ended December 31, 200 8 . Note that you can find C’s financial statements and related footnotes on C’s web page OR on the SEC’s web page. (Note that you will probably find it easier to look on C’s web page.) Make sure that you properly express your dollar amounts. a. As of 12-31-08, what was C’s total debt amount?
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Unformatted text preview: i. How much of this amount does C classify as short-term debt? b. As of 12-31-08, what was the total debt amount excluding C’s capitalized lease obligations? i. What is the fair value of this debt amount? c. As of 12-31-08, how much of C’s total debt was due in 2012? d. As of 12-31-08, what was C’s total asset retirement obligations and accrued environmental costs amount? i. How much of this amount does C classify as a current liability? e. As of 12-31-08, what do C’s largest individual asset retirement obligations involve? f. For the year 12-31-08, what was C’s basic net income (loss) per share of common stock? i. In calculating this figure, what number (I am looking for an amount, not a description) did C use in the denominator? ii. Does this number seem reasonable to you? Answer yes or no AND support your answer with an explanation that includes numbers/calculations. (this item is worth 3 bonus points)...
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